Aeroklas in $70M takeover of Tough Dog in 4WD parts overhaul

Kelly said Aeroklas Asia Pacific expects strong growth for the current fiscal year, which ends March 31, 2023.

He said the group is aiming for annual sales of between $160 million and $170 million across its businesses. Bringing the Tough Dog business into the stable would add 32 more employees to the workforce, which will grow to more than 300. He said Tough Dog would operate as a stand-alone business, with existing management to stay on. and compensation provisions in place.

Mr. Kelly said ARB Corporation was a strong contender, but was focused on increasing growth rates through a disciplined strategy. Aeroklas Australia is considering new acquisitions.

“We definitely have an acquisition strategy,” he said. The company also intends to roll out more TJM outlets and expand the distribution of this brand. There are 100 distribution points in Australia for TJM, which is best known for bull bars on the front of vehicles. There are eight company-owned TJM outlets and the goal is to expand this number to around 20.

“The biggest challenge is finding a property,” he said. Mr Kelly said TJM has also expanded into other products alongside bull bars. “We’ve really started to expand our offering,” he said.

Mr Kelly said the Aeroklas companies were all well placed for Australia’s slowly underway transition to electric vehicles, although he said many 4×4 vehicle owners and fleet operators in rural areas were still concerned by the need to recharge a vehicle over long distances. trips. The charging infrastructure in the regions and the hinterland should be improved. Industry players say the arrival of the Tesla Cybertruck and Rivian electric models in Australia are expected to contribute to the strong growth momentum in the 4×4, ute and SUV market.

About Dwayne Wakefield

Check Also

Global Silicon Metal Market Size, Share and Forecast to 2028 | With Top Players Dow Inc. (USA), Elkem ASA (Norway), Ferroglobe PLC (UK).

According to the latest research from SkyQuest Technology, the Global silicon metal market was valued …